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HP increases dividend 10 percent

HP increases dividend 10 percent

March 24th, 2012 in News

Hewlett-Packard Co. is increasing its quarterly dividend by 10 percent.

The world's No. 1 maker of personal computers said in a regulatory document Friday that the increase will take effect in May when it officially declares its next dividend.

The Palo Alto, Calif., company's current dividend of 12 cents per share to be paid in April will remain the same. A 10 percent increase would mean its new dividend is 13.2 cents per share.

HP announced a number of changes this week, including combing its printer and PC divisions as it tries to improve profits, invest in growing areas and re-establish itself as a technology trailblazer.